Sovereign Debt Crises and Negotiations in Brazil and Mexico, 1888-1914 - Governments versus Bankers (Paperback, Softcover reprint of the original 1st ed. 2018)

This book analyzes the relative balance of bargaining power between governments and the banks in charge of underwriting their debt during the first financial globalization. Brazil and Mexico, both indebted countries that underwent major changes in reputation and negotiating power as they faced financial crises, provide valuable case studies of government strategies for obtaining the best possible outcomes. Previous literature has focused on bankers' perspectives and emphasized that debtors were submissive during negotiations, but Weller finds that governments' negotiating power varied over time. He presents a new analytical framework that interprets when and why officials were likely to negotiate loans more or less effectively, with newly uncovered primary sources from debtors' and creditors' archives suggesting key causes of variation: fiscal accounts, political stability, and creditors' exposure and reputation.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Release date:	February 2019
First published:	2018
Authors:	Leonardo Weller
Dimensions:	210 x 148 x 11mm (L x W x T)
Format:	Paperback
Pages:	183
Edition:	Softcover reprint of the original 1st ed. 2018
ISBN-13:	978-3-03-008824-8
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > History > History of specific subjects > Economic history Books > Money & Finance > Banking Books > Money & Finance > Public finance > General
LSN:	3-03-008824-3
Barcode:	9783030088248

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